u/Ill-Replacement6279

▲ 0 r/technicaltax+1 crossposts

Looking for pricing inspiration

Hello! I am building a tax practice and I am looking for inspiration on pricing. Do folks charge tiers or more ad-hoc per schedule or form? How much? Thank you!

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u/Ill-Replacement6279 — 5 days ago
▲ 4 r/technicaltax+1 crossposts

One of my client's W-2s shows "EEOT $1,000" in Box 14. I presume this means employee overtime. Can someone please help me with the following questions:

  1. How do I know if this is the "premium" portion of the overtime? Should I ask the client?
  2. How do I know if it's "qualified overtime"? Is all overtime that's for hours worked over 40 hours (rather than premium holiday pay, etc.) considered "qualified"?
  3. Another firm prepared the client's return first and I'm processing an amendment for them. Is there a reason why the other firm wouldn't have taken this deduction? The client is below the $300K MFJ phase-out threshold.

Thank you so much for your help!!

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u/Ill-Replacement6279 — 16 days ago